NIFTY INDEX LEVEL TODAY

Nifty closed on a slight bearish note at 5907.40 So today the first resistance for nifty is at 5924 level. Next resistance ranges are at 5945,5970 levels. On downside first support is at 5890 level. Next supports are at 5868,5844,level.So today the main intra resistance are at 5945 and 5974 level and on downside be alert below 5890 and avoid longs if below 5868 level.

NIFTY INDEX LEVELS FOR TODAY

Nifty closed on a slight bullish note at 5930.90 So today the first resistance for nifty is at 5959 level. Next resistance ranges are at 5990,6006 levels. On downside first support is at 5897 level. Next supports are at 5868 level.So today the main intra resistance are at 5964 and 5988 level and on downside be alert below 5897 and avoid longs if below 5868 level.

Global & local cues that will impact Nifty today

The US markets finished modestly lower across the board with the Dow and S&P 500 snapping a three-day winning streak, weighed by a weaker-than-expected manufacturing report, even as there are new details of a counter-offer from house republicans to avert the fiscal cliff. The CBOE VIX closed above 16. The European markets closed off their best levels following weak manufacturing data from US, however news that Spain had formally requested an EU bailout for its banks helped limit losses. Spain formally requested a bailout for its struggling banks to be disbursed on December 12. Asian markets are trading weak. China's Shanghai Composite slipped 0.30% or 5.83 points at 1,953.93. Hong Kong's Hang Seng was down 0.36% or 78.49 points at 21,689.36. Japan's Nikkei was down 0.12% or 11.28 points at 9,446.90. Singapore's Straits Times shed 0.29% or 8.96 points at 3,056.78. South Korea's Seoul Composite fell 0.46% or 8.99 points at 1,931.03. Taiwan's Taiwan Weighted was down 0.77% or 58.50 points at 7,541.41. Back home, the Nifty closed 9 points lower to 5,870.

Nifty Impact:Parliament's winter session resumes

Parliament will resume today after no-show last week over the FDI storm. Voting of FDI in retail will take place in both houses this week. Parliamentary affairs minister is confident that all the important bills of the finance ministry will be passed in this session. In its bid to attract more foreign inflows the government has hiked the FII cap debt limit by USD 10 billion. Two new windows of USD 5 billion have been created in government-securities and corporate bonds. The ECB cap remains unchanged. The US markets ended narrowly mixed in lackluster trading on the final day of November, as investors were reluctant to make big bets ahead of the weekend amid ongoing fiscal cliff discussions. For the week, Dow rose 0.12%, S&P 500 rose 0.50% and Nasdaq rallied 1.46%. The CBOE volatility index finished near 16. The European markets ended mixed in choppy trading as German lawmakers approved a plan to ease the conditions on bailout loans to Greece and amid ongoing discussions over the US budget European Central Bank president Mario Draghi said that the eurozone crisis is far from over. Addressing top financial officials in Paris today, Draghi said that eurozone countries must tighten budgets and forge a banking union to leave behind the fairy world that allowed problems to grow. Asian markets were subdued in morning trade today. Meanwhile, China's November official services PMI inched up to 55.6 from 55.5 in October. At 7: 46 am (IST), Asian markets were trading higher. China's Shanghai Composite was up 0.19% or 3.83 points at 1,983.95. Hong Kong's Hang Seng advanced 0.47% or 104.33 points at 22,134.72. Japan's Nikkei gained 0.80% or 75.16 points at 9,521.17. Singapore's Straits Times rose 0.44% or 13.38 points at 3,083.33. South Korea's Seoul Composite was up 0.36% or 7.04 points at 1,939.94. Taiwan's Taiwan Weighted added 0.40% or 30.23 points at 7,610.40. Back home, it was a firm session for our markets on Friday. The Nifty gained 55 points to close at 5,879.

NIFTY INDEX ANALYSIS

Nifty closed on a strong bull note at 5727.45 So today the first resistance for nifty is at 5747 level. Next resistance ranges are at 5768,5802 levels. On downside first support is at 5705 level. Next supports are at 5680,5662,5644,level.Nift made a strong show and today if nifty is above 5752 level we expect the trend to be on bull side and next intra resistance is at 5774 level and on downside be every alert if below 5680 level.

NIFTY INTRADAY CALL

SELL NIFTY 29NOV2012 AROUND 5700 WITH SL 5725 TGT 5680/5660.

NIFTY INDEX TREND FOR TODAY

Nifty closed on very slight bull note at 5635.90 So today the first resistance for nifty is at 5654 level. Next resistance ranges are at 5674,5694,5724 levels. On downside first support is at 5604 level. Next supports are at 5586,5546 level.As of now Nifty is directionless but a strong move above 5682 may have some hopes for bulls and on downside if below 5586 be very alert and avoid longs.

NIFTY INTRADAY CALL

BUY NIFTY 29NOV2012 ABOVE 5645 WITH SL 5624 TGT 5665/5675

NIFTY INDEX TREND FOR TODAY

Nifty Index closed unchanged at 5626.60 So today the first resistance for nifty is at 5647 level. Next resistance ranges are at 5664,5700,5720 levels. On downside first support is at 5604 level. Next supports are at 5580,5550,5520 level.Nifty is moving trendless but clearly some support at low level but for confirmation a strong move above 5671 is required and on downside a move below 5580 can weaken this buy support.So today if nifty moves above 5671 level it is a good sign for bulls but if nifty goes below 5580 be very alert and sellers may have the control if nifty is below 5550 level.

Market watch: Cues that will set Nifty's trend

The Indian market closed flat on Friday after recouping losses in late trade. The Nifty fell just 1.15 points to close at 5,626.60. The Sensex declined 10.77 points to end at 18,506.57. However, the week was positive as the benchmark indices gained 1 percent. The US markets closed more than 1 percent higher in a holiday-shortened session, led by strength in big-cap tech stocks. Volume was thin following the Thanksgiving holiday on Thursday. Major indices had their best week in over five months. For the week, the Dow rose 3.3 percent, the S&P climbed 3.6 percent and the Nasdaq jumped 4 percent. The CBOE volatility index fell to near 15. European markets had their best week so far this year, led by strong German business confidence data and growing expectations Greece will receive more aid. A big task lies ahead for the Euro zone finance ministers as they meet in Brussels today and try to make a deal for Greece. So far their track record has not been great. EU finance ministers will meet in Brussels to discuss a deal for Greece with talks over aid to Athens breaking down last week. On Friday, EU leaders failed to reach and agreement on their budget for the next seven years. So, question now is can the Troika bridge their differences and release the next tranche of cash for Greece today or will it end is tears again. France's finance minister says yes they can do it, but sticking points do remain key among a potential write down of Greece's sovereign debt which the IMF has maintained is vital for Athens to move forward. At 7: 41 am (IST), Asian markets were trading mixed. China's Shanghai Composite was down 0.32% or 6.44 points at 2,020.95. Hong Kong's Hang Seng was flat at 21,895.04. Japan's Nikkei gained 0.61% or 57.60 points at 9,424.30. Singapore's Straits Times rose 0.44% or 13.12 points at 3,002.40. South Korea's Seoul Composite was down 0.27% or 5.07 points at 1,906.26. Taiwan's Taiwan Weighted added 0.74% or 54.04 points at 7,380.05.

NIFTY INDEX LEVELS FOR TODAY

Nifty was on a bull trend and closed at 5627.75 So today the first resistance for nifty is at 5660 level. Next resistance ranges are at 5685-90 levels. On downside first support is at 5590 level. Next supports are at 5560 level.So today if nifty moves above 5665 level it is a good sign for bulls but if nifty goes below 5590 be very alert and sellers may have the control if nifty is below 5560 level.

Winter session of Parliament Impact Of Nifty

The Indian market remained listless on Thursday. Investors were sceptical due to stormy beginning of the winter session of Parliament. The Sensex was up 56.96 points to close at 18,517.34. Meanwhile, the Nifty rose 12.95 points and ended at 5,627.75. The first day of the winter session was a washout. BJP remained adamant on a debate followed by a vote on FDI in retail. Meanwhile, the government decides to call an all-party meeting on Monday.

NIFTY INDEX TREND ANALYSIS

Nifty was on a bull trend and closed at 5614.80 So today the first resistance for nifty is at 5640 level. Next resistance ranges are at 5670,5695,5725 levels. On downside first support is at 5580 level. Next supports are at 5548,5500level.Nifty is currently in a negative territory but yesterdays bull move had some cushion effect on the bearish sentiment and today if nifty is above 5647 chance are their for covering and above 5674 bull had the upper hand. On downside if nifty is below 5580 be very alert and bears had the strength if nifty is below 5551 level.

Global and local cues that will impact Nifty

The Indian market gained strength in the last hour of trade on Wednesday despite listless trade in global peers. The Nifty closed above the 5,600 level for the first time in the last four sessions. The index rose 43.25 points to close at 5,614.80. The Sensex gained 131.06 points to end at 18,460.38 on hopes that winter session of Parliament would go through smoothly. The winter session of Parliament will begin today. The month-long session, which will conclude on December 20, will have as many as 20 sittings and the government has lined up a heavy legislative agenda including 25 bills for consideration and passing, 10 bills for introduction and a voting on supplementary demands for grants for the current fiscal. US markets: The US markets closed modestly higher in thin, choppy trading session ahead of the Thanksgiving holiday, after a cease-fire agreement between Israel and Hamas Militants in the Gaza strip. But some mixed economic reports and worries over Greece put a limit on gains. The CBOE volatility index ended above 15. There will be no cues from US today as markets will be shut for Thanksgiving. Asian markets were trading higher. Hong Kong's Hang Seng was up 0.38% or 82.70 points at 21,607.06. Japan's Nikkei gained 1.19% or 109.78 points at 9,332.30. Singapore's Straits Times added 0.49% or 14.56 points at 2,974.86. South Korea's Seoul Composite was up 0.76% or 14.39 points at 1,898.43. Taiwan's Taiwan Weighted rose 0.51% or 36.02 points at 7,124.51. China's Shanghai Composite was down 0.62% or 12.65 points at 2,017.67.

NIFTY INDEX TREND ANALYSIS.....

Nifty closed alomost unchanged at 5571.55 So today the first resistance for nifty is at 5610 level. Next resistance ranges are at 5634-40,5660levels. On downside first support is at 5534 level. Next supports are at 5500,5475 level.Nifty is currently in a negative territory but 5550 level is a support range so today if nifty is below 5534 be very alert and below 5500 sellers can strike with more strength and on up side intra resistance are at 5610 and 5640 level.

NIFTY TREND ANALYSIS

Nifty was on very slight bear trend to close at 5571. So today the first resistance for nifty is at 5604-08 level. Next resistance ranges are at 5634-39,5652-56 levels.On downside first support is at 5539-35 level. Next supports are at 5507-02,5475-70 level.Nifty is currently in a negative territory so today if nifty is below 5535 be very alert and below 5500 sellers can strike with more strength and on up side chance of covering is only above 5640 level.

NIFTY TREND ANALYSIS

Nifty again slipped to close at 5574 signalling high chance of downward trend. So today the first resistance for nifty is at 5603-07 level. Next resistance ranges are at 5631-35,5681-85levels. On downside first support is at 5544-40 level. Next supports are at 5515-10,5491-87level.Nifty slightly slipped to negative region so today if nifty is below 5540 be very alert and below 5510 sellers can strike with more strength and on up side chance of covering is high above 5635 level.

NIFTY LEVELS FOR TODAY

Positional Support for NIFTY 5606 5544 5428 5308 and positional Resistance for NIFTY is 5690 5691 5692 5705 . Intraday Resistance of NIFTY are 5665.8/5694.7/5727.6/5747.7/5785.9/5824.3 Intraday Support of NIFTY are 5596.2/5567.3/5521.1/5483.8/5446.6

Sensex falls for 6th day, Nifty below 5600

The BSE Sensex fell for the sixth straight day on the back of a sudden selloff in the last hour of trade on Friday. The Nifty shed over 1 per cent to close below the key support of 5,600. The BSE Sensex ended 162 points lower at 18,309 while the Nifty declined 57 points to 5,574. Indian stock markets have been under pressure tracking weak global cues and poor domestic macro data. Earlier this week, factory output data for September indicated a contraction in industrial activity. The trade deficit in October widened to $21 billion, India's worst on record according to Credit Suisse. The headline inflation eased to an eight-month low in October, but RBI governor today said that inflation rate is still high, suggesting that the bank is unlikely to loosen monetary conditions anytime soon to support faltering growth. The Winter Session of Parliament, starting next week, may throw up some cues for the markets now. A weakness in global markets weighed on the domestic shares. Asian markets mostly ended lower while European stocks also traded in the red.

Why Nifty may be under pressure today.....

The US markets recovered from their lows, but still finished in negative territory in a choppy session. With the recent declines, the Dow and S&P 500 are on pace for their biggest monthly losses since May. All three major indices have plunged more than 5% since last week's presidential election. On the economic data front, US eco data weekly jobless claims were up 78,000 to 439,000 during the week ended tenth of November, was way beyond economists' expectations. Consumer price index edged up 0.1% in October following a 0.6% rise in September